There are alternatives (mostly diversification). Eg. Bonds won't lose value when stocks do typically, and def by lower swings. But if you're really close to ret

There are alternatives (mostly diversification). Eg. Bonds won't lose value when stocks do typically, and def by lower swings. But if you're really close to retirement, it may be good to hold cash - only if you actually think cash is the right way to store wealth in retirement, which may not be best.